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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Vodafone Group Plc    VOD   GB00BH4HKS39

VODAFONE GROUP PLC

(VOD)
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Vodafone Group Plc Merger Update -- Bharti Infratel and Indus Towers

10/05/2020 | 02:16am EST

TIDMVOD

RNS Number : 0258B

Vodafone Group Plc

05 October 2020

5 October 2020

UPDATE ON THE MERGER OF BHARTI INFRATEL AND INDUS TOWERS

Vodafone Group Plc ("Vodafone") announced on 1 September 2020 that it had agreed to proceed with the merger of Indus Towers Limited ("Indus Towers") and Bharti Infratel Limited ("Bharti Infratel", together the "Combined Company").

The agreement to proceed was conditional on consent for a security package for the benefit of the Combined Company (the "Security Package") from Vodafone's existing lenders (for the EUR1.3 billion loan utilised to fund Vodafone's contribution to the Vodafone Idea Ltd rights issue in 2019). This consent has now been received. The parties will now approach the National Company Law Tribunal to make the merger scheme effective. The parties are working to complete the transaction expeditiously.

- ends -

For more information, please contact:

   Investor Relations                                                               Media Relations 
   Investors.vodafone.com                                       Vodafone.com/media/contact 
   ir@vodafone.co.uk                                               GroupMedia@vodafone.com 

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

About Vodafone

Vodafone is a leading technology communications company keeping society connected and building a digital future for everyone.

Vodafone is focused on two scaled and differentiated regional platforms in Europe and Africa. We operate mobile and fixed networks in 22 countries and partner with mobile networks in 48 more. As at 30 June 2020 we had over 300m mobile customers, more than 27m fixed broadband customers and over 22m TV customers.

We connect for a better future. We are optimistic about how technology and connectivity can enhance the future and improve people's lives. Through our business, we aim to build a digital society that enhances socio-economic progress, embraces everyone and does not come at the cost of our planet. That is why we have committed to improve one billion lives and halve our environmental impact by 2025.

For more information, please visit: www.vodafone.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

10-05-20 0215ET

Stocks mentioned in the article
ChangeLast1st jan.
BHARTI INFRATEL LIMITED 4.05% 224.8 Delayed Quote.-14.46%
DOW JONES AFRICA TITANS 50 INDEX 0.26% 509.05 Delayed Quote.-6.35%
LONDON STOCK EXCHANGE PLC 1.55% 8091 Delayed Quote.3.10%
S&P AFRICA 40 INDEX 0.23% 165.27 Delayed Quote.-6.11%
VODAFONE GROUP PLC -0.34% 124.8296 Delayed Quote.-14.53%
VODAFONE IDEA LIMITED -1.50% 9.9 Delayed Quote.62.60%
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Financials
Sales 2021 43 148 M 52 032 M 52 032 M
Net income 2021 2 157 M 2 601 M 2 601 M
Net Debt 2021 42 841 M 51 662 M 51 662 M
P/E ratio 2021 18,7x
Yield 2021 6,44%
Capitalization 37 417 M 45 200 M 45 122 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,79x
Nbr of Employees 105 263
Free-Float 92,7%
Chart VODAFONE GROUP PLC
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Vodafone Group Plc Technical Analysis Chart | VOD | GB00BH4HKS39 | MarketScreener
Technical analysis trends VODAFONE GROUP PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 1,90 €
Last Close Price 1,39 €
Spread / Highest target 83,8%
Spread / Average Target 36,2%
Spread / Lowest Target -26,8%
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Managers
NameTitle
Nicholas Jonathan Read Group Chief Executive Officer & Executive Director
Jean-François M. L. van Boxmeer Chairman
Margherita Della Valle Group Chief Financial Officer & Director
Pierre Klotz Finance Director
Johan Wibergh Group Chief Technology Officer
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